deindustrialisation
/diːɪndʌstriəlaɪˈzeɪʃən/
Definition
The long-term, structural decline of a country's manufacturing sector and industrial base, leading to persistent economic and social challenges.
Etymology
The word is formed by adding the prefix 'de-' (reversal or removal) to the verb 'industrialise', which is derived from the Latin 'industria' (diligence or activity). It became a common term in the late 20th century to describe the shift away from manufacturing economies.
In the news
In this article, the term describes the deep-seated, historical economic damage that continues to weigh on the UK's current political and fiscal stability. It highlights that the incoming Prime Minister inherits structural problems that are rooted in decades of lost industrial capacity.
What can Andy Burnham actually do? | LSE British Politics
Read the full article ↗LSE Blogs